White House Imposes 25 Percent Tariff on $50 Billion Worth of Goods From China

This photo taken on May 26, 2018 shows MG cars produced by Shanghai Automotive Industry Corporation waiting to be exported to the US at a port in Lianyungang in China's eastern Jiangsu province. Donald Trump's threat to impose steep tariffs on auto imports will hit foreign automakers that export a large number of vehicles to the US market, but many also manufacture cars domestically. (Credit: AFP/Getty Images)

This photo taken on May 26, 2018 shows MG cars produced by Shanghai Automotive Industry Corporation waiting to be exported to the US at a port in Lianyungang in China's eastern Jiangsu province. Donald Trump's threat to impose steep tariffs on auto imports will hit foreign automakers that export a large number of vehicles to the US market, but many also manufacture cars domestically. (Credit: AFP/Getty Images)

The China tariffs are back on.

On Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in US high-tech industries.

The decision comes after top administration officials have tried to dampen fears of a trade war.

Treasury Secretary Steven Mnuchin┬ásaid a trade war with China was “on hold” less than 10 days ago. And Commerce Secretary Wilbur Ross is expected in Beijing on Saturday to help ease trade tensions between the two major trading partners.

In a brief statement, the White House said the president plans to take “multiple steps” to protect domestic technology and intellectual property from certain “discriminatory and burdensome trade practices by China.”

The latest step follows a March report by the US Trade Representative Office regarding China’s practices when it comes to technology transfers, intellectual property and innovation, according to the White House’s statement.

“The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology, the White House said in a statement.

The final list of covered imports subject to tariffs will be announced by June 15. Those tariffs will take effect “shortly thereafter.”

Proposed investment restrictions will be announced by June 30 and also take effect at a later date.